Diamond exports soften on sluggish market

Rough diamond exports from Botswana mines fell 15 by percent in the first six months of the year to $1.7 billion, reflecting soft consumer sentiment on the international market.

According to financial statistics released by the Bank of Botswana, the country exported $846 million worth of diamonds in the first quarter of 2015 compared to over $919m in the same period in 2014 while the first quarter exports were also 20 percent lower than last year’s.

The decline in rough diamond exports is in line with the glut being experienced in the diamond pipeline where overstocking of polished stones is forcing producers to trim output.

Editor's Comment
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The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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